Alex Coal Hosts Tax Presentation Webinar for Sex Workers

LAS VEGAS — Alex Coal recently hosted a webinar with Adam Hodson, CPA, self-billed as a sex work-friendly accountant, with the goal of teaching those in the adult industry how to better prepare their taxes.

The presentation began with Coal admitting that she struggled with her taxes when she started camming several years ago; the difficulty of organizing her taxes caused Coal severe stress.

One of the first suggestions Hodson made was to use a separate business bank account and credit card to deposit all income and pay all business expenses; doing this allows the use of bank and credit card statements as a digital record keeper of all transactions. Hodson noted that when keeping records this way, the IRS doesn’t require receipts for business travel, meals and transportation expenses under $75.

While performers still need to keep some receipts for purchases larger than $75, if they are audited, a digital ledger will still make tax preparation vastly easier for an accountant, and less expensive.

Another suggestion offered was to form a Limited Liability Company (LLC). Forming an LLC will offer performers some legal protections and allow people to access some additional tax benefits. With that said, it is advised not to name an LLC anything similar to the performer's real name or stage name; information about the owners of an LLC, including their home addresses in some states, are available to the public, creating a risk that stalkers could steal one's personal information.

For more information about Adam Hodson, click here and follow him on Twitter.

Follow Alex Coal on Twitter and find her premium social media links here.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Flirt4Free Debuts New Payout Program

Flirt4Free has introduced its new payout program.

Romi Rain Fronts Latest From New Sensations

Romi Rain and Codey Steele star in the latest release from New Sensations.

JD Directs New Grazyeli Silva Showcase

Evil Angel has released JD’s Grazyeli Silva showcase, titled "Grazyeli Silva Sexcapades."

Heidi Jo Makes Her WIFEY Debut

Heidi Jo stars with her husband Jerri, Isiah Maxwell, and Hollywood Cash in the latest release from Vixen Media Group studio imprint WIFEY.

Anna Claire Clouds Leads Elegant Angel's 'Shared: A Hotwife Origin Story'

Reigning XMAs Female Performer of the Year Anna Claire Clouds stars in Elegant Angel's new feature thriller "Shared: A Hotwife Origin Story," part of the site's annual "Superstar September" initiative.

Gender X Drops 'Vampirella' Parody

Gender X Films has released its latest feature, "Transpirella," a parody of the 1970s sci-fi horror comic book "Vampirella," directed by Jim Powers.

Britney Amber to Host Interactive FeelXVideos Livestream

Britney Amber will host an interactive livestream on Sept. 13 at 9 p.m. (PDT) on FeelXVideos.

Chaturbate to Host 5th Annual 'Health and Wellness' Online Event

Chaturbate is hosting its fifth annual "Health and Wellness" event online on Wednesday, Sept. 17, starting at 10 a.m. (PDT) and featuring panels throughout the day.

Jonni Darkko Directs New Chloe Amour Showcase

Evil Angel has released Jonni Darrko’s Chloe Amour showcase, titled "Mon Amour."

Bella Reid Named Penthouse's 'Pet of the Month' for September

Penthouse Magazine has named Bella Reid as Pet of the Month for September.

Show More